Amazon's UK corporation tax halves while turnover rises 54%

Iain Lynn

Internet giant Amazon saw a 50% fall in the amount of UK corporation tax it paid last year while it saw a 54% increase in turnover in the same period.

Accounts filed by Amazon UK Services show the company was billed £15.8 million in 2015 compared with £7.4 million in 2016.

In the same period, turnover at Amazon UK Services broke the £1 billion barrier for the first time, climbing from £946 million to £1.46 billion while profit before tax fell from £48.5 million to £24.2 million.